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Commercial loan facility agreement. Standard market loan documentation based committed bilateral term loan facility agreement to be used without guarantee.
Subject to the terms of this Agreement, the Lender makes available to the Borrower a term loan facility in an aggregate amount equal to the Commitment without guarantee or collateral security.
The Borrower shall use all amounts borrowed from the Lender under this Facility for the specified purpose in the Agreement.
The Lender is not bound to monitor or verify the application of any amount borrowed pursuant to this Agreement.
This document should be carefully read by the Borrower and the Lender.
Both the Borrower and the Lender should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.